Phoenix New Media Limited (FENG)

Phoenix New Media Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	734.8	607.58	527.41	95.98	188.98	357.8
Short-Term Investments	241.05	428.34	558.77	1,050	1,309	1,280
Cash & Short-Term Investments	975.85	1,036	1,086	1,146	1,498	1,638
Cash Growth	-0.66%	-4.63%	-5.18%	-23.53%	-8.54%	3.48%
Accounts Receivable	348.15	403.2	351.3	474.8	514.01	708.2
Other Receivables	-	-	-	3.39	4.11	4.7
Receivables	348.15	403.2	351.3	478.19	518.12	712.9
Prepaid Expenses	-	7.06	7.33	7.41	15.8	8.7
Restricted Cash	6.5	9.76	7.05	9.06	15.62	31.04
Other Current Assets	36.31	18.41	26.78	21.45	29.46	29.46
Total Current Assets	1,367	1,474	1,479	1,662	2,077	2,420
Property, Plant & Equipment	59.76	61.23	75.19	116.64	70.41	112.14
Long-Term Investments	82.37	85.75	101.53	114.69	140.53	131.48
Other Intangible Assets	11.99	13.72	20.05	29.13	22.5	12.4
Long-Term Deferred Tax Assets	62.4	63.26	70.17	89.06	92.19	86.87
Other Long-Term Assets	11.57	13.61	13.18	19.65	3.22	9.75
Total Assets	1,595	1,712	1,759	2,031	2,406	2,773
Accounts Payable	106.14	144.67	122.13	176.96	217.17	221.2
Accrued Expenses	128.34	123.11	127.58	149.1	197.87	249.66
Current Portion of Leases	10.6	10.97	19.92	23.64	25.78	36.37
Current Income Taxes Payable	174.16	175.93	170.48	183.53	412.78	402.61
Current Unearned Revenue	26.32	29.1	34.2	31.94	33.46	38.84
Other Current Liabilities	22.2	53.53	52.69	99.16	79.92	113.74
Total Current Liabilities	467.76	537.32	526.99	664.32	966.98	1,062
Long-Term Leases	38.57	45.7	49.53	80.95	20.07	16.67
Long-Term Deferred Tax Liabilities	-	-	-	-	1.31	1.31
Other Long-Term Liabilities	15.5	15.5	18.6	20.33	28.33	28.18
Total Liabilities	521.83	598.52	595.12	765.6	1,017	1,109
Common Stock	39.55	39.55	39.55	39.55	39.55	39.55
Additional Paid-In Capital	1,642	1,642	1,641	1,637	1,629	1,621
Retained Earnings	-507.66	-467.58	-414.02	-311.53	-201.88	3.83
Treasury Stock	-1.48	-1.48	-0.66	-	-	-
Comprehensive Income & Other	-36.71	-37.31	-40.4	-45.4	-39.31	-28.21
Total Common Equity	1,136	1,175	1,225	1,319	1,427	1,636
Minority Interest	-62.73	-61.86	-61.39	-54.22	-38.23	28.23
Shareholders' Equity	1,073	1,113	1,164	1,265	1,389	1,664
Total Liabilities & Equity	1,595	1,712	1,759	2,031	2,406	2,773
Total Debt	49.17	56.67	69.44	104.59	45.85	53.04
Net Cash (Debt)	926.68	979.25	1,017	1,041	1,452	1,585
Net Cash Growth	-0.30%	-3.69%	-2.33%	-28.32%	-8.37%	6.01%
Net Cash Per Share	77.15	81.49	83.82	85.80	119.70	130.63
Filing Date Shares Outstanding	12.01	12.01	12.01	12.13	12.13	12.13
Total Common Shares Outstanding	12.01	12.01	12.09	12.13	12.13	12.13
Working Capital	899.05	937.03	951.63	997.33	1,110	1,358
Book Value Per Share	94.56	97.85	101.33	108.76	117.66	134.83
Tangible Book Value	1,124	1,162	1,205	1,290	1,405	1,623
Tangible Book Value Per Share	93.57	96.71	99.67	106.36	115.80	133.81
Machinery	-	44.53	46.64	79.25	113.23	176.59
Leasehold Improvements	-	45.26	47.97	47.97	42.36	42.09

Updated Mar 11, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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